Q. Which organisation jointly with Mumbai-based RBL Bank has announced a new loan portfolio guarantee that would facilitate up to $75 million for lending to small and medium enterprises (SMEs)?

Answer of this question "Which organisation jointly with Mumbai-based RBL Bank has announced a new loan portfolio guarantee that would facilitate up to $75 million for lending to small and medium enterprises (SMEs)?", here are 4 choices for this question : WTO, SIDBI , USAID , IMF. Answer Is "USAID ".

Description Of This Question

The U.S. Agency for International Development (USAID) and Mumbai-based RBL Bank announced a new loan portfolio guarantee that will facilitate up to $75 million for lending to small and medium enterprises (SMEs) operating in off-grid, solar rooftops, and energy efficiency sectors. This guarantee, the first of its kind between USAID and an Indian private sector bank, will support innovative solutions and business models to improve access to clean energy sources for electricity. India needs more than USD 100 billion in energy investment per year until 2040 to meet its need for electricity.